Shares of Butterfly Network Inc (BFLY) surged over 10% in pre-market trading on November 6, 2024, after the medical imaging company reported better-than-expected earnings results and received optimistic analyst forecasts.
Butterfly Network's revenue for the quarter beat estimates by 8.2%, while its losses per share came in 8.2% lower than analysts had projected. Encouraged by the strong performance, analysts raised their 2025 revenue forecasts for the company by around 4% to $95.3 million. They also lowered their loss per share estimates, citing expected improvements in profitability.
The consensus price target for BFLY stock was increased by 8.3% to $3.25, reflecting analysts' belief that the company's intrinsic value has risen. Analysts are bullish on Butterfly Network's growth prospects, noting that its projected 20% annualized revenue growth through 2025 significantly outpaces both its historical growth rate and the broader industry forecast.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。